PROPERTY FACTS & HIGHLIGHTS
- URGENT UPDATE – Revised Offering Process with June 15th, 2020 Deadline
- Process administered under the guidance of FTI Consulting, True Leaf’s Proposal Trustee pursuant to the Bankruptcy and Insolvency Act.
- TrueLeaf receives Health Canada License on November 22nd, 2019
- Potential for investment or outright purchase
- 40 acre Industrial property zoned for cannabis production
- 18,000 square foot building built to Health Canada standards for limited cultivation, drying, packaging, shipping and administration
- Four additional cultivation phases of 16,000 square feet planned
- Total planned capacity of over 6,000 kilograms of cannabis
True Leaf Brands (the “Vendor”) in consultation with its Proposal Trustee, FTI Consulting, has retained Colliers International as its exclusive agent for the sale of their federally licensed cannabis facility located in Lumby, BC.
True Leaf filed a Notice of Intention to Make a Proposal (“NOI”), pursuant to the Bankruptcy and Insolvency Act, in April 2020
Situated in Lumby BC, this 40 acre property was acquired by True Leaf to develop a comprehensive cannabis production facility in a campus style environment.
Developed with an 18,000 square foot building, TL Cannabis received its cannabis cultivation license late 2019. The existing building provides limited cultivation area, processing, packaging and administration and is intended to serve as the hub for the balance of the site development. An additional 4 phases of 16,000 square feet each are planned.
